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China's top officials highlighted the importance of the financial sector to the real economy at the National Financial Work Conference in July, reiterating that prevention and control of financial risks is essential for systemic health.
China's stable and predictable business development environment, with an emphasis on foreign investment and consistently improving infrastructure, were key factors in China's rapid growth and success.
China's visionary leadership has ensured a remarkable ascent for its political and economic fortunes. Through economic innovation in the early 1980s, China reestablished itself with strength and dignity. The 1978 reforms and opening-up helped the country to become the world's largest economy in 2014, surpassing the United States in terms of GDP based on purchasing power parity. PPP is a method used to determine the relative value of two currencies.
China's top legislature on Wednesday decided to require members of the Legislative Council of the Hong Kong Special Administrative Region to uphold the Basic Law and honor the pledge of allegiance to the HKSAR or face disqualification.
Chinese President Xi Jinping holds a welcome ceremony for Turkish President Recep Tayyip Erdogan before their talks in Beijing, capital of China, July 2, 2019. Xi held talks with Erdogan at the Great Hall of the People in Beijing on Tuesday. [Photo/Xinhua]
来源：资阳报